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Urban, Inc. provides the following data:
| Urban, Inc. Comparative Balance Sheet Year Ended Dec. 31, 2017 | |
| Assets | | |
| Current Assets: | | |
| Cash and Cash Equivalents | $29,000 | |
| Account Receivable, Net | 31,000 | |
| Merchandise Inventory | 53,000 | |
| Total Current Assets | $113,000 | |
| Property, Plant, and Equipment, Net | 120,000 | |
| Total Assets | $233,000 | |
| Liabilities | | |
| Current Liabilities: | | |
| Accounts Payable | $ 4 comma 200 |
| |
| Notes Payable | 2 comma 800 |
| |
| Total Current Liabilities | $ 7 comma 000 |
| term Liabilities | 88 comma 000 |
| |
| Total Liabilities | $ 95 comma 000 |
| |
| Stockholders' Equity | | |
| Common Stock | $ 37 comma 000 |
| |
| Retained Earnings | 101 comma 000 |
| |
| Total Stockholders' Equity | $ 138 comma 000 |
| |
| Total Liabilities and Stockholders' Equity | $ 233 comma 000 |
Calculate the debt to equity ratio. (Round your answer to two decimal places.)
A.0.41
B.0.69
C.0.05
D.1.19
Answer & Explanation
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